The World Bank has upgraded Sri Lanka to upper-middle-income status, marking a significant recovery post-economic crisis.

Sri Lanka, July 1 -- The Sri Lankan authorities' prompt action amid the Middle East war helped preserve macroeconomic and social stability and gains from their economic reform programme provided space ...

World Bank has reclassified Sri Lanka as an upper-middle-income economy after its worst economic crisis four years ago.

The crisis in West Asia has hit Sri Lanka particularly hard because the country depends almost entirely on imported fuel. Barely three years after battling its worst financial collapse in decades, Sri ...

Winston Churchill’s famous dictum, “Never let a good crisis go to waste,” could not be more apt for Sri Lanka in its current context: An economy struck down by one of its worst crises since ...

Sri Lanka is in the midst of a financial and energy crisis, with high inflation and fuel shortages caused by poor economic management and the Covid-19 pandemic. To manage these issues, the government ...

Sri Lanka, an island of 22 million people, continues to be in the grip of its worst economic and political crisis since independence on 10 February 1948. Since April there have been protests against ...